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The U.S. Department of Justice unsealed a federal indictment on Feb. 7 charging Chinese telecommunications company Hytera with conspiring with former employees of Motorola Solutions Inc. to steal the American company’s digital mobile radio technology. The partially redacted indictment alleges that the Shenzhen-based company recruited Motorola employees in Malaysia to steal proprietary trade data, source code and hardware designs for its own competing walkie-talkie product. The indictment charges Hytera by name but redacts the names of the other co-defendants in the case, whose indictments remain sealed.
Hytera, a former distributor of Motorola Solutions products, was charged with 21 criminal counts including conspiracy to commit theft of trade secrets and possessing or attempting to possess stolen trade secrets. If convicted, Hytera would face a criminal fine of three times the value of the stolen trade secrets. Prosecutors allege that from 2007 to 2020, the employees recruited by Hytera accessed trade secrets from Motorola’s internal databases and sent emails that described their intention to use the technical knowledge gained there to help Hytera. These employees also received higher salaries and benefits than what they received at Motorola in exchange for stealing the trade secrets.
According to the court documents, Hytera and the recruited employees allegedly used the stolen information to accelerate the development of Hytera’s digital mobile radio (DMR) product range, as well as to train its employees and sell its products worldwide. In one February 2008 email, an unidentified employee asked, “Are we going to ‘reuse’ as much as possible or we need to develop most of them from scratch to avoid patent infringement?”
The allegations mirror two civil complaints filed by Motorola in 2017, claiming its former engineers stole thousands of confidential technical documents and millions of lines of source code for two-way radio technology before heading to Hytera. Hytera told jurors that it had developed its radios on its own. The jury awarded Motorola $764.6 million in damages following a three-month trade secrets trial in 2020, though a judge later reduced the sum to $544 million. The judgment is currently on appeal at the U.S. Court of Appeals for the Seventh Circuit.
Prosecutors said that in 2017 an unidentified person emailed Hytera’s CEO about “aligning” his story with the civil lawsuit. The indictment also indicates that a Hytera employee who testified in that civil trial lied under oath by claiming an employee of the Chinese company was fired in the fall of 2018 for failing to cooperate with an internal company investigation, when in fact this employee worked for Hytera from December 2018 through at least June 2020.
In a statement sent by its attorneys, Hytera said that it is “disappointed” by the charges and “respectfully disagrees with the allegations,” adding that it is “committed to honoring the intellectual property rights of others.” Mark Hacker, Motorola’s executive vice president and general counsel, said in a statement that the charges against Hytera “underscore the calculated and deliberate character” of the company’s illegal conduct, and that Motorola will continue to pursue civil litigation in multiple jurisdictions.
The unsealed indictment represents the latest in a series of blows against Hytera in the United States. In November, President Biden signed legislation to prevent Hytera and other Chinese companies that have been deemed national security threats, including Huawei and ZTE, from receiving new telecommunications equipment licenses from U.S. regulators. Under former President Trump, recipients of federal funding were also banned from buying equipment and using services from Hytera.
The criminal case against Hytera could establish a road map for future criminal trade secrets disputes in the United States. The civil case involving Hytera is already significant because it was the first case to recognize that the Defend Trade Secrets Act (DTSA) established a private right of action for foreign acts of misappropriation that still resulted in some U.S.-based acts. But the indictment against Hytera represents a significant development in the evolving criminal trade secrets law in the U.S. as well, especially given its invocation of the Economic Espionage Act (EEA) of 1996—the first federal statute to make criminal the theft or misappropriation of trade secrets. Both acts include an extraterritoriality provision that can apply against foreign entities when an act “in furtherance” of the offense was committed in the United States. If the criminal case against Hytera proves successful, this would once again confirm that the Economic Espionage Act has broad extraterritorial reach for tackling trade secret theft by foreign companies.
Chinese Ride-Hailing Giant DiDi Lays Off 20 Percent of Employees
Reports broke on Feb. 14 that Chinese ride-hailing giant DiDi plans to lay off about 20 percent of its employees amid ongoing regulatory scrutiny into the company. According to Chinese media outlet LatePost, the layoffs began in mid-January and will continue until the end of February. An estimated 3,000 people expected to lose their jobs across most departments. The layoffs occur as DiDi prepares to delist itself from the New York Stock Exchange (NYSE) and relist in Hong Kong.
DiDi initially came under scrutiny after it launched on the NYSE on June 30, 2021. Regulators from the Cyberspace Administration of China (CAC) quickly put the brakes on the initial public offering (IPO) over data security concerns. CAC placed DiDi under investigation on July 2 and prevented it from acquiring new users. DiDi’s apps remain inaccessible to new users as of today, resulting in the company losing more than 70 percent of its market value in the past year.
The announcement comes as Beijing’s regulatory crackdown has forced several other technology companies into dire financial straits. Many other large technology firms have announced layoffs in recent months, including TikTok parent company ByteDance, video platform iQiyi—the “Netflix” of China, as well as Alibaba and Baidu. The crackdowns have led even ardent supporters of the Chinese government to critique the heavy-handed measures. Hu Xijin, a recently retired editor of the state-owned newspaper Global Times, said in a Weibo post that he hoped that regulations would strengthen companies rather than leaving them “dying on the operating table.”
DiDi is reportedly exempting its globalization unit from the layoffs, a potential sign that the company views its fortunes as tied to establishing itself in overseas markets. Amid heightened tech scrutiny in both the United States and China in 2021, many other Chinese tech companies have looked to expand overseas. Tencent increased its investments in its overseas startups more than sevenfold in 2021. Alibaba told its investors that overseas e-commerce would be its focus entering into 2022. Amid the CAC security review, DiDi itself launched in Egypt in September 2021, and is reportedly expanding to Nigeria soon.
There is some indication that the freeze in Chinese IPOs in the United States since DiDi’s crackdown may be thawing soon. Meihua International Medical Technologies, a global medical supplier, is planning to debut this week on the Nasdaq. Though the IPO is expected to raise a relatively small amount—$57.5 million—it would be the first Chinese company to list in the U.S. in nearly seven months. Several other smaller companies, such as wheelchair maker Jin Medical and smart parking system provider Yi Po International Holdings, plan to raise $31.6 and $27 million, respectively, in their U.S. filings.
Still, these listings may not necessarily usher in any DiDi-sized IPOs back into the United States anytime soon. In the past year, both Chinese and American regulators have imposed substantial procedural roadblocks for larger Chinese companies to list in the United States. On Feb. 15, CAC implemented new rules requiring platform companies with data for more than 1 million users to undergo a security review prior to listing overseas. In December 2021, the Securities and Exchange Commission (SEC) issued a rule to delist foreign companies if they fail to comply with requests for information from U.S. regulators, a move likely intended to target companies from China and Hong Kong.
The stark reversal of fortune at DiDi, once China’s most valuable startup, is emblematic of the wider travails of China’s consumer tech industry. As the Chinese government continues to push investments away from consumer tech and toward “hard tech,” companies like DiDi may find it difficult to recover to their former heights.
Commerce Department Adds 33 Chinese Entities to “Red Flag” List
On Feb. 7, the Commerce Department announced the addition of 33 Chinese entities to its Unverified List (UVL), a “red flag” list that requires vendors to exercise greater scrutiny when transacting with these companies. The list included manufacturers in critical industries, including producers of pharmaceutical products and semiconductor parts. Though inclusion on the UVL is not an outright ban, it imposes greater barriers for Chinese companies to obtain certain U.S. technologies that are subject to export restrictions.
Companies are included on the UVL when the Bureau of Industry and Security (BIS) is unable to verify the end use or end user of certain shipments to the listed party. Unlike the better-known Entity List or the Specially Designated Nationals list, the Commerce Department does not view the UVL as a punitive measure, in the sense that there is no direct allegation of wrongdoing. However, being listed on the UVL is still a substantial trade barrier. Any vendor seeking to export certain items to a party on the UVL must either apply for a license or obtain documentation from the listed company certifying its compliance with U.S. export regulations.
China’s commerce ministry decried the move, saying that Washington was engaged in “economic bullying.” For their part, reactions among the listed companies were mixed. Representatives from two of the listed companies told Chinese state-owned media outlet Global Times that the listing had minimal impact on their operations, as they had limited imports from the United States. By contrast, WuXi Biologics, a pharmaceutical company, saw its stock value plummet 26 percent in Hong Kong’s stock exchange after being listed, wiping $9.9 billion off its market value.
The addition of Chinese companies to the UVL comes amid a larger push for economic competition with China. The House of Representatives passed the America Competes Act two weeks prior, increasing investments in semiconductors and other key industries to better compete with China on the world stage. The Commerce Department under Secretary Gina Raimondo has been particularly aggressive, adding at least 66 Chinese companies since she took office in March 2021. It appears that Raimondo has no plans to ease up on the crackdown: Two days after the UVL announcement, Raimondo pledged to “hold [China] to account” for failing to meet its trade deal purchase targets.
Bilibili Employee Death Reignites Debate over “996” Culture
The recent death of an online content auditor in China has brought renewed scrutiny to the tech industry’s “996 culture.” The 25-year-old man was employed by Bilibili to police the video clips uploaded to its popular streaming site. After allegedly working from 9 a.m. to 9 p.m. throughout the Lunar New Year holiday, he was suddenly rushed from his home to the hospital on Feb. 4, where he died later that evening of a brain hemorrhage. Bilibili released an internal memo rejecting claims that the employee was overworked, insisting that he had worked standard hours for the past week and that the company had tripled his pay for working during the holiday, according to the law.
Reports of the employee’s death have reignited debate over the toxic overtime culture endemic to China’s tech industry dubbed “996”—referring to the expectation that employees, especially in the tech industry, work from 9 a.m. to 9 p.m. six days a week. A hashtag related to the man’s death has received hundreds of millions of views on microblogging platform Weibo and sparked a new wave of online outcry against the government for not doing enough to address the problem in the year since a series of high-profile deaths were linked to overwork in 2020.
Behind China’s sprawling online censorship regime is a large army of full-time and contract laborers hired by platforms like ByteDance, Tencent, and Weibo to police swathes of content for inappropriate and politically sensitive material. Bililibi employs a sizable 2,400 content auditors, amounting to roughly 30 percent of the company’s current head count. These moderators often toil away for long hours in front of the computer, flagging and removing “illegal and harmful” user posts. The “production line” nature of this work, as with factory jobs, comes at a cost to workers’ health.
In the wake of extensive online outcry, Bilibili released a second statement, insisting that in order to “prevent similar tragedies,” it would “make proactive improvement” to the health of its content auditing team. First, the company has pledged to recruit 1,000 more moderators this year to “reduce their average workload.” Second, the company will pay greater attention to the physical health of employees by increasing physical examinations and establishing an onsite mental and physical health clinic.
Cyberattack on News Corp. Believed to Be Linked to China
News Corp., the news publishing empire owned by Rupert Murdoch, was the target of a cyberattack that hacked the email accounts of journalists and others at the company, a breach that a cybersecurity consultant believes was likely meant to gather intelligence to benefit China. The attack was disclosed in an SEC filing on Jan. 4. The company said it had discovered the “persistent cyberattack” on one of its systems in January.
David Kline, News Corp.’s chief technology officer, said in an email to staff members on Feb. 4 that the company had notified U.S. law enforcement and opened an investigation with the digital security firm Mandiant after the discovery. The company believes the breach affected “a limited number” of email accounts and documents from News Corp. headquarters, News Technology Services, Dow Jones, News UK and the New York Post. An email sent to employees added that investigators believe the threat had been contained and that customer and financial data had not been hacked.
While there is no definitive evidence that China was behind the breach, Mandiant assessed that those behind this activity “have a China nexus” and are “likely involved in espionage activities to collect intelligence to benefit China’s interests.” The News Corp. hackers accessed documents that would be of significant interest to Chinese officials, including those related to stories about Taiwan, human rights abuses against China’s Uyghur Muslim minority population, and Biden administration efforts to ramp up protections against Chinese technology.
The disclosure of the cyberattack on News Corp. came just days after FBI Director Christopher Wray used a speech to highlight the Chinese government’s “thirst for power” and the threat posed by its “massive sophisticated hacking program” to American innovation and economic security. Wray also stated that the FBI is actively investigating more than 2,000 instances of Chinese theft of U.S. data. Liu Pengyu, a spokesman for the Chinese Embassy in Washington, said in an email that he was not aware of the reported details of the attack but affirmed that China unequivocally opposes cyberattacks in all forms. “We hope that there can be a professional, responsible and evidence-based approach to identifying cyber-related incidents, rather than making allegations based on speculations,” Pengyu said.
Josh Rogin argues that Biden’s continuation of Trump-era competition policies cements a bipartisan consensus on the need to frame U.S.-China relations in competitive terms.
Adam Kovacevich likens Biden’s policy of picking legal fights with Big Tech firms at home but defending them abroad as a form of “older brother” protectionism.
Shira Ovide warns against taking an alarmist approach in treating all forms of Chinese technology as a national security threat.
Chang Che analyzes the growing popularity of and legal troubles faced by Zheli, a metaverse app and WeChat competitor that topped the charts as China’s most downloaded app last week.
Joshua Park proposes involving more high-tech middle powers like Japan and South Korea in global standards-setting organizations to mitigate the risk of U.S.-China technology competition creating a “splinternet.”
Gabriel Scheinmann argues that the United States should welcome competition with China over technology and economics as a way of avoiding direct military confrontation.
Rashi Shrivastava surveys several recent examples of Chinese regulators blocking American acquisitions of Chinese companies.
James Cooper and Kashyap Kompella posit that, despite popular opinion, the U.S. still enjoys a relative advantage against China in the artificial intelligence race due to greater economic incentives and political freedom for companies to experiment.
Orit Frenkel argues in support of the Biden administration’s Indo-Pacific Economic Framework (IPEF) as a bulwark against China’s efforts to set global technology standards.
The Washington Post argues that to win the semiconductor production race with China, the U.S. should not attempt to match China “dollar-for-dollar” but, rather, coordinate with partners in the European Union, Japan, Korea and Taiwan to keep manufacturing out of China.


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Christmas cheer is being spread early in Aberdeen as John Lewis has launched their annual festive shop.
The department store has reacted to a tough year for the country by attempting to bring joy to residents of the city.
Located on the ground floor of the shop is an eye-catching display of Christmas trees, decorations and plenty of glitter and gold.
There are seven themes to the decorations, each one linked to famous art styles, including impressionism and Bloomsbury.
Shop manager Jamie Wishart highlighted how demand for Christmas products had led to the shop being launched earlier than usual.
He said: “We’ve just launched the shop today and it really is looking quite excellent at the moment and I feel everyone can do with a bit of Christmas cheer.
“It has been opened a bit earlier than usual but this is due to the customer response.
“We noticed that customers were shopping online for Christmas products and we decided to launch it to meet their demand.
“There are seven Christmas trees decorated in seven different styles and they really are show-stopping.
“We’ve even sold our first couple boxes of crackers as well which is great.”
The seven trees represent seven different periods of art and include Art of Japan, Renaissance and Art Noveau.
The shop is available to visit during John Lewis opening hours of 10am until 5pm, although they will be increased to 9am until 6pm next month.
It took three days for staff at the shop to put the display together, and it has already been praised by customers.
Jamie said: “It’s been a tough year for everyone so its good to have a reason to celebrate and of course no one does Christmas quite as good as John Lewis.
“I look forward to welcoming customers into the shop to see the wonderful display.
“We’ve had overwhelmingly positive feedback from customers so far, and some comments about it being Christmas already.”

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Amazon has embarked on an extraordinary hiring binge this year, vacuuming up an average of 1,400 new workers a day and solidifying its power as online shopping becomes more entrenched in the coronavirus pandemic.
The hiring has taken place at Amazon’s headquarters in Seattle, at giant fulfillment centers like the one that just opened in Nampa, at hundreds of other warehouses in rural communities and suburbs, and in countries such as India and Italy. Amazon added 427,300 employees between January and October, pushing its workforce to more than 1.2 million people globally, up more than 50% from a year ago. Its number of workers now approaches the entire population of Dallas.
Two thousand of those new hires are working at Amazon’s regional fulfillment center at 5295 E. Franklin Road, north of Interstate 84 in northeast Nampa. Employees help pick, pack and ship items from the 650,000-square-foot warehouse, Amazon’s first fulfillment center in Idaho.
The online retailer is also building a 140,000-square-foot local delivery station at Franklin and Ten Mile roads in western Meridian, north of I-84’s Ten Mile Road interchange. It’s unclear how many people will get hired there.
That station will be the third in the Boise area for Amazon, a “last mile” pickup point for semitrailer trucks to bring packages that the company’s familiar delivery trucks will carry to their final destinations at homes and businesses. The company opened its second Idaho delivery station last year near the Boise Airport and its first one two years ago in Nampa.
The hiring spree has accelerated since the onset of the pandemic, which has turbocharged Amazon’s business and made it a winner of the crisis. Starting in July, the company brought on about 350,000 employees, or 2,800 a day. Most have been warehouse workers, but Amazon has also hired software engineers and hardware specialists to power enterprises such as cloud computing, streaming entertainment and devices, which have boomed in the pandemic.
AMAZON EMPLOYEE GROWTH UNRIVALED IN U.S. CORPORATE HISTORY
The scale of hiring is even larger than it may seem, because the numbers do not account for employee churn, nor do they include the 100,000 temporary workers who have been recruited for the holiday shopping season. They also do not include what internal documents show as roughly 500,000 delivery drivers, who are contractors and not direct Amazon employees.
Competitors — both with physical stores and online ones — are trying to figure out how to compete with Amazon in what has traditionally been a busy end-of-year sales period, but which has been upended by the pandemic. Amazon is dominant in e-commerce, where sales are expected to grow by as much as 30% over last year’s holiday season, according to the National Retail Federation.
Amazon’s rapid employee growth is unrivaled in the history of corporate America. It far outstrips the 230,000 employees that Walmart, the largest private employer with more than 2.2 million workers, added in a single year two decades ago. The closest comparisons are the hiring that entire industries carried out in wartime, such as shipbuilding during the early years of World War II or homebuilding after soldiers returned, economists and corporate historians said.
“It’s hiring like mad,” Nelson Lichtenstein, a labor historian at the University of California, Santa Barbara, said of Amazon. “No American company has hired so many workers so quickly.”
Even for a company that regularly sets new superlatives, Amazon’s employee growth stands out as a stark illustration of its might. At this pace, it is on track to surpass Walmart within two years to become the world’s largest private employer.
Its expansion is unfolding as lawmakers and regulators in Washington and Europe have sounded the alarm over tech power. This month, European Union regulators brought antitrust charges against Amazon, accusing it of unfairly using its size and access to data to harm smaller merchants in its marketplace. Amazon has said merchants are thriving on its site, with their share of sales growing in the pandemic. The Federal Trade Commission is also examining the company, with President-elect Joe Biden expected to continue scrutinizing the tech giants.
‘WE ARE TURNING INTO AMAZON NATION’
“We are turning into Amazon nation,” said Margaret O’Mara, a history professor at the University of Washington and a contributing New York Times opinion writer.
Having employees in nearly every state gives Amazon, which has warehouses around the country to be closer to customers, potentially outsize political leverage, O’Mara said. She added that history has shown there are risks when a region or country becomes too dependent on any one employer, although she said Amazon had not reached that point.
Amazon has portrayed its hiring as a boon for workers laid low by the pandemic-induced recession, as unemployment has soared and as restaurants, airlines and other businesses suffer.
“Offering jobs with industry-leading pay and great health care, including to entry-level and front-line employees, is even more meaningful in a time like this,” Jeff Bezos, Amazon’s founder and chief executive, said last month when the company reported blockbuster financial results.
Some government policies have helped Amazon’s recent growth. In March, a taxpayer-funded $2 trillion stimulus package allowed local governments to shut down traditional retail stores to reduce the spread of the virus. As the stores closed, demand for items through Amazon rose — and it hired.
Adding so many new workers so fast in a pandemic has been a herculean task. Many workers feared catching the coronavirus in warehouses, so Amazon rolled out a fleet of safety measures to address COVID-19. And it revved up its hiring machine, which relies on technology and traditional recruitment.
$15 MINIMUM WAGE HIGHER THAN RETAIL AVERAGE, LOWER THAN WAREHOUSING
That includes promoting its training, benefits and pay. Of its 810,000 workers who are in the United States, about 85% are front-line employees in warehouses and operations who earn a minimum of $15 an hour. That is higher than traditional retail work, where an average sales worker makes $13.19 an hour, but lower than typical warehousing jobs. On Thursday, Amazon said it would pay bonuses of $300 for full-time employees and $150 for part-time employees.
To get the word out, Amazon used staffing agencies and advertised on television, billboards and in mailboxes by highlighting sign-on bonuses of up to $3,000 and its precautions against COVID-19. In one recent TV spot, an Amazon employee wearing a mask said, “Safety, safety, safety!”
In many places, the hiring has come easily because Amazon is one of the few employers with open jobs. In the week leading up to Sept. 16, which the company billed as “Career Day,” it received more than 384,000 job applications in the United States and Canada, or 38 a minute, Amazon said.
“It is happening in the context of an unprecedented loss of jobs elsewhere in the economy,” said Ellora Derenoncourt, an assistant professor at University of California, Berkeley, who has studied Amazon’s minimum wage.
Amazon is not the only beneficiary of how the pandemic has pushed people toward buying online instead of in stores. Walmart has added 180,000 employees in the United States since March, and its online sales rose 79% in the latest quarter. Target’s e-commerce sales soared 155%.
In that sense, this downturn has differed from past recessions, when usually all industries slowed, said Jed Kolko, chief economist at Indeed, the online jobs site. “This period has been partly about a recession but also about a pretty dramatic shift of economic activity from some sectors to others,” he said.
Just two years ago, Amazon’s workforce numbered fewer than 650,000 people. At the time, the company hit the brakes on hiring to focus more on profits. The hiring pace picked back up a year ago, after it introduced one-day shipping in the United States, an enormous effort that required more warehouses and more workers to pick, pack and sort packages.
When the coronavirus hit the United States in March, online shopping condensed years of expansion into a few months. From April to June, Amazon said, it sold 57% more items than a year earlier.
The company has also almost tripled the number of U.S. warehouses used for last-mile deliveries this year, said Marc Wulfraat, founder of logistics consulting firm MWPVL International, who tracks Amazon’s operations. The delivery drivers are usually contractors, so Amazon does not disclose their numbers in regulatory filings.
“They have built their own UPS in the last several years,” Wulfraat said. “This pace of change has never been seen before.”
The effort has been aided by 1,000 technology workers who create software for Amazon’s human resources teams, many building portals and algorithms that automate hiring, said Ardine Williams, vice president for workforce development. Prospective employees can find jobs, apply and be hired entirely online, without talking to a single person.


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After announcing that R2 production will kick off in Illinois, Rivian (RIVN) is poised to earn additional incentives with plans to expand its Normal EV plant.
Meet Rivian’s more affordable R2 electric SUV
Rivian unveiled its compact, more affordable R2 electric SUV last week at its new Laguna showroom. Tapping into his inner Steve Jobs, Rivian CEO RJ Scaringe had a “one last thing” moment, shocking the crowd with the even smaller and more affordable R3.
Scaringe wasn’t done there. He took it a step further, introducing the rugged tri-motor R3X. The R3X is Rivian’s take on a high-performance electric crossover with wider wheels, more ground clearance, and a tri-motor setup.
Rivian’s R2 is essentially a smaller R1S offered at a cheaper price point. It will be based on Rivian’s next-gen EV platform designed to cut costs with maximum flexibility.
The R2 will be offered in single, dual, and tri-motor setups, with all versions boasting over 300 miles range. Rivan’s entry-level model will start at around $45,000.
According to Scaringe, the R2 is already generating quite a bit of hype. Rivian’s CEO posted on his X Friday that the R2 received over 68,000 reservations in less than 24 hours.
Rivian revealed it would kick off R2 production at its Normal, Illinois plant to accelerate its launch. Despite initial plans to build R2 at its new $5 billion EV plant in Georgia, Rivian said the move will save $2.25 billion while speeding up R2’s launch.
The State of Illinois is working with Rivian for additional incentives as it prepares to build R2 in the state.
According to Automotive News, Illinois looks to double down on the EV maker with new expansion plans at its Normal facility. “The elements of an economic development package are still being finalized,” the Illinois Department of Commerce & Economic Opportunity said.
“Once they are finalized, we will update the public on the details of the incentive package. Although Rivian is delaying its Georgia plant, it’s not expected to be significant.
The move is more to get out R2 quicker. Rivian said it will expand the plant to support up to 215,000 units of annual production capacity, up 43% from the previous 150,000 target.
Rivian has yet to say if it will expand or modify the plant for the added capacity. According to AN, an expansion may qualify Rivian for additional incentives for bringing R2 to Illinois.
Scaringe confirmed Rivian is “absolutely dedicated to bringing our Georgia plant to life with good jobs, economic development, and a product to be proud of” in a letter to the Atlanta Journal-Constitution (AJC).
Rivian’s leader clarified, “I want to be absolutely clear we remain committed to building our future in Georgia.”
R2 production will now kick-off at the beginning of 2026. After that, the smaller and even more affordable R3 and tri-motor R3X will begin rolling out.
After slipping over 45% this year and hitting a new all-time low last month, Rivian’s (RIVN) stock is up almost 20% over the past five trading days since unveiling the R2. Rivian shares are now down around 5% over the past 12 months.
The move to begin building R2 in Illinois saves Rivian much-needed capital as it looks to expand the brand.
CFO Claire McDonough said the EV maker was confident its cash and equivalents would fund operations through 2025 last month. By bringing R2 production to Illinois, Rivian now expects to have enough funding through the start of R2 production.
Rivian expects planned upgrades in Normal this quarter to reduce material costs later this year. The EV maker sees a “modest growth profit” in the fourth quarter.
However, due to the shutdown, Rivian expects deliveries to be around 57,000, about the same as last year.
Rivian is following in Tesla’s footsteps as it looks to build its next-gen EVs in Texas, with Gigafactory Mexico running behind schedule.
Like Tesla, the move to begin production at an existing factory can help Rivian get the R2 out quicker while saving money.
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28/05/2008 By: Niraj Shah
Atlas South Sea Pearl Limited (ATP) has reaffirmed its 2008 net profit forecast of $5.7 million, down from $8 million in 2007. The pearl farmer said cash earnings excluding any fair market adjustments for the Agriculture assets were $3.6 million compared to a profit of $3.3 million in the previous financial year. The increase in profit in 2008 was mainly attributed to a one off adjustment relating to the fair market value of its pearls and oysters, resulting from a change in the adoption of AASB 141, the company said.
In addition, Atlas said revenue from retail operations had increased substantially in 2007 and was expected to grow strongly again in 2008 to around $1 million.
However, the 2008 forecasts did not take into consideration any gains or losses which may flow from the revaluation of pearls and oysters under AASB141.
At its AGM today, Atlas said it had continued the expansion of the retail outlets in Bali through the company�s own stores and through exposure in hotel retail facilities, which had increased the profile of its brand.
�Two new stores will be opened in the Bali tourist precincts of Seminyak and Nusa due by the end of 2008,� it said.
�A new site has been identified and local approval granted for the development of a backup juvenile nursery for an expanding oyster population in the event that existing juvenile oyster farm sites shows signs of degradation,� it said.
The company also said it planned to start a program of seeding oysters in Bali and transferring them to sites where faster oyster growth occurs.
Shares in Atlas South Sea Pearl picked up 0.5c to 44.0c .
sources: source: http://news.smh.com.au
Atlas South Sea Pearl profit to fallMay 29, 2008 - 1:04PM
Pearl farmer Atlas South Sea Pearl Ltd has reiterated that its profit this financial year will be down by about 30 per cent but says a one-off accounting adjustment the previous year explains the fall.
The Indonesia-focused pearl group said its 2008 net profit is forecast at $5.7 million, down from $8 million in 2007.
However, it said the 2007 net profit was attributed mainly to a one-off adjustment relating to the fair market value of the company's pearls and oysters resulting from a change in the accounting standard.
The company said the projected forecast of $5.7 million was therefore an increase on a like-for-like basis from the previous year when fair market adjustments from a change in accounting policy were excluded from the profit result.
"Today, we presented the expected result for the year as we normally accounted it for in terms of the cash-profit position, or underlying profit," managing director Joseph Taylor told AAP after the company's annual general meeting.
"The accounting process and bringing in the agricultural assets, will increase that profit in a reporting sense quite significantly, but because of the way that (accounting standard) system works," Mr Taylor said.
"We don't really want to announce anything on that until a bit later in the year."
Revenue from retail operations increased in 2007 to about $700,000 and is expected to grow in 2008 to just under $1 million.
"The company's retail operations have continued to grow with an increase in revenue from the two showrooms and numerous hotel presentation cabinets in various Bali tourist hot-spots," the company said in a statement.
"The number of retail outlets will be increased to four by the end of the year."
The Perth-headquartered company, which produces pearls primarily at Alyui Bay in West Papua, is diversifying geographically.
It has identified a new juvenile nursery site in North Bali and plans a new hatchery at its existing site in East Bali, to be commissioned in October.
"The establishment of geographically diverse hatchery and farms sites has resulted in significantly higher productivity and survival rates of oysters," the company said.
"Increased seeding activities have commenced in Bali where it is cheaper to farm the oysters."© 2008 AAP


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There have been many questionable items for sale in recent months, including bottles of spit and bath water. But now, Lil Yachty has jokingly suggested he's selling Drake's half-eaten pizza for $500,000 (£402,800).
Over the weekend, the rapper took to his Instagram story with a snap of the partially eaten pizza. "Selling this drake bit slice of pizza for 500k," the on-screen text read.
The post soon made its way over to Twitter, where one person responded: "The fact that someone will actually buy this".
"We just hit a peak of the financial bubble," another tweeted, while a third joked: "Make the bread... Or sell that bread".
One intrigued investor asked: "Where do I inquire?"


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How a Cyber Attack at Avanti Markets Affected Over Million People
Every day, we benefit from using innovative consumer technology that evolves at a rapid pace. Unfortunately, the hackers who compromise that technology seem to evolve their techniques just as quickly. Staying one step ahead can be difficult for both corporations and consumers alike. In a world where data moves in unique ways, it can be difficult to spot flaws in systems. That's why cybersecurity awareness should be at the forefront of everyone's mind. And a recent attack on the Avanti Markets is yet another reminder.
Avanti Markets are popular cutting-edge food kiosks popular in many workplaces and offices nationwide. Simply by using your thumbprint as a payment confirmation, it's a hassle-free way of getting a quick lunch. The company's biometric thumb scanning payment technology is certainly innovative, but not bulletproof from cyber-threat.
On July fourth of this year, that became painfully clear. Avanti uncovered a data breach which very well may have had an affect on the 1.6 million people across 46 states that it claims as customers. The hack potentially compromised e-mail addresses, credit card information, and perhaps most concerning, customer biometric fingerprint data.
Hackers used the kiosks to implant ingenious malware technology that allowed this information to be mined, and the company is still trying to learn how many units were affected.
Despite Avanti's great response to the breach, the attack
still did a lot of damage. The company did most everything right; they immediately notified the public, shut down the kiosks, and brought in public sector experts along with the FBI. Yet despite all that, it's hard to say whether or not consumers will still put their faith in Avanti's innovative technology.
Data breaches such as this are increasingly common, and proactive cybersecurity awareness is now a must for almost all businesses. The numbers are staggering. One study estimated the yearly damages from attacks like these at nearly $6 trillion by 2018 (that's compared to an already staggering $3 trillion in 2015). Bitdefender, monitoring the consumer industry, has argued that 34 percent of U.S. based companies, from Target to Home Depot and many in between, have already been hit with online data breaches.
In the face of this growing threat, a simple post-attack reaction is no longer sufficient; cybersecurity awareness must extend to all corners of a corporation. Cooperation and coordination with experts in the field is key. And having the right platforms, communication, and managerial dexterity will go a long way toward protecting your assets. If you want to learn more, contact NC4 or read our blog for more information!
Thanks for contacting NC4! A member of our team will be in touch with you shortly.


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TEXAS, USA — It’s the gift they say you can’t go wrong with-gift cards.
The only problem is if you aren’t careful enough, that money could land right in a scammer’s pocket.
“We’ve had a lot of reports from people that have told us that the IRS and Social Security administration has tried to contact them, claiming that they owe them money or that their personal information has been compromised and they need it," said LeSueur.
So what do you do in this case? Most know those calls aren’t warranted, hang up and go about their day, but LeSueur says it’s a scam people are still falling for to this day.
“If you do need to contact the IRS to verify it, don’t let them call you, you call them. They're never just going to call you. Never give out your personal information and never give out money. Whether it’s gift cards or real money, just don’t do it," said LeSueur.
But sneaky calls aren’t the only way scammers are getting to your gift cards, they’re skimming them too. Skimmers are devices that are capable of picking up magnetic information right off the card.
First things first, check the packaging. If something looks strange, that could be the first red flag. If the cardboard peel is missing or the scratch-off pin is scratched to expose numbers, you might want to call the card company or the retailer where you bought it.
“The bottom line is that the gift card should be treated like cash and you should buy the gift cards from a trusted place. Try to avoid buying them online or from places like that," said LeSueur.
If you think you've been tricked out of your money, LeSueur says don't hesitate to reach out.
"It’s important to know that if you’ve been a victim of a scam, then you can come down to the Odessa Police Department and make a report. We've unfortunately had some cases where there have been victims that have been scammed several hundred and in some cases, several thousands of dollars," said LeSueur.
According to the Federal Trade Commission, $74 million dollars have been scammed in gift card and re-loadable cards in the first three quarters of 2019.


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A battle has been intensifying over the past decade between the generics drug industry and companies with branded drugs that are facing the patent cliff or have lost patent already, with drug developers coming up with increasingly inventive life cycle management strategies.
Generic drugs industry competition
Authorised generics is a less well-known strategy wherein the company produces the equivalent of its own branded drug under a different private label and at a slightly lower price. No matter how counter-intuitive this strategy may sound, it does help companies to keep the drug prices high, almost as expensive as the originator drug, while effectively weakening the competition.
One of the most recent examples is when PDL BioPharma launched the generic version of its antihypertensive drug Tekturna, which was over 10% more expensive than the generic competition, but stole a substantial amount of market share from the competitors, according to Kaiser Health News.
Similarly, one of the Eli Lilly’s corporate strategies has been the biosimilar production of not only competitor products, but also of its own products. Most recently, Eli Lilly introduced a biosimilar of its own insulin Humalog at a 50% discount, effectively preventing the competition from other biosimilar products. However, it is only an illusion that Eli Lilly’s biosimilar version of Humalog brings in 50% less revenue because Humalog and other branded drug prices are often subject to rebates, while generic versions are not, enabling Eli Lilly to achieve similar revenues despite the apparent price slash.
According to the US Food and Drug Administration (FDA), there are almost 1,200 authorised generics in the US, and they are currently being approved at a rate of one per week on average.
The idea behind the 1984 Hatch-Waxman Act, which grants six months of market exclusivity to the first generic competitor, was to give the generic drug the first-to-market competitive advantage.
However, this law doesn’t prevent the originator drug companies from launching their own generic versions even earlier and grabbing this competitive advantage of being first to market at only a slightly lower cost.
Pharmaceutical companies have mastered their lifecycle management strategies over the past decade, to maximise their profits, but this is also helping maintain high drug costs in the US.


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U.S. Rep. Warren Davidson of Ohio announced plans to introduce a bill in the House of Representatives that would regulate ICOs and cryptocurrencies.
U.S. Rep. Warren Davidson (R) has announced plans to introduce legislation that would clearly regulate cryptocurrencies and Initial Coin Offerings (ICOs), local Ohio news agency Cleveland.com reports Dec. 3.
According to Cleveland.com, Davidson announced his intention to introduce new legislation at the Blockchain Solutions conference. The bill would create an “asset class” for cryptocurrencies and digital assets, which “would prevent them from being classified as securities, but would also allow the federal government to regulate initial coin offerings more effectively.”
The Securities and Exchanges Commission (SEC) stance is that most cryptocurrencies are securities. The Commodity Futures Trading Commission (CFTC), on the other hand, treats cryptocurrencies as commodities.
In other words, the CFTC states that Bitcoin (BTC) has more in common with gold than with currencies or securities since it is not backed by a government and does not have liabilities attached to it. The Financial Crimes Enforcement Network (FINCEN), the agency managing anti-money laundering (AML) and know your client (KYC) standards, views crypto as money.
The U.S. Office of Foreign Assets Control (OFAC), which enforces economic sanctions, views crypto as money and blacklists wallets of sanctioned persons. Lastly, the Internal Revenue Service (IRS) treats cryptocurrencies as property, meaning that profits from selling them are subject to capital gains tax.
A group of U.S. Congressional representatives sent a letter in September to the SEC Chairman Jay Clayton calling for “clearer guidelines between those digital tokens that are securities.”
The same month, over 45 representatives of major crypto companies and Wall Street firms attended a Congressional roundtable discussion on cryptocurrency and ICO regulation. During meeting, which was hosted by Davidson, experts expressed concerns about a lack of regulatory clarity in the industry and discussed “token taxonomy.”
Davidson has previously demonstrated his support for the crypto industry, suggesting that the ICO market needs “light touch” regulation. A spokesman for the U.S. representative said in November that Davidson is working on a bill that, once law, would treat ICOs as products rather than securities at the federal and state level, effectively “sidestepping” security laws.
As Cointelegraph reported yesterday, seven Ohio funds will hand over $300 million to blockchain startups by the end of 2021. Of this funds, $100 million will be invested by nonprofit JumpStart.
Source: , CoinTelegraph
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Corrections, feedback, and ideas should be submitted through the website contact form.


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Driverless Car Steering a Course to Road Readiness
June 11, 2013
Reuters / Powered by NewsLook.com
Researchers at Carnegie Melon University are putting the finishing touches on their version of a driverless car that, they say, lays the groundwork for computers to replace humans in the driver seat within a decade.
TFL Car (Dec. 14, 2013) ( http://www.TFLcar.com ) The just revealed Automated Ford Fusion Hybrid looks like it has sprouted a pair of spinning horns. But the spinning horns are in fact four LiDAR infrared sensors that can ... watch video
AP (June 5, 2013) New Zealand's oldest driver is still on the road, motoring around at the grand old age of 105. He received his first license in 1925, aged 17-years-old after learning to drive in a French car that ... watch video
TheStreet (May 28, 2014) Google is unveiling its own prototype of a self-driving car in which there's no steering wheel or pedals. Instead, the electric-powered car is driven solely through computers and sensors. The only ... watch video
AFP (May 28, 2014) Google unveiled plans to build its own self-driving car -- minus the steering wheel -- that it hopes to begin testing in the coming months. For Google, the car is to pioneer individual transport that ... watch video
Reuters - Business Video Online (Mar. 6, 2015) The Rinspeed Budii Concept car is creating a driverless stir at this year's Geneva car show. It's an all-electric autonomous vehicle with a difference. Ciara Lee reports.
Video provided by ... watch video
TFL Car (Nov. 14, 2013) ( http://www.TFLcar.com ) The Tesla Model S P85 is a revolutionary car that says goodbye to the internal combustion engine and hello to the electric motor. But how will this all electric car do when ... watch video
Newsy (May 28, 2014) Google has built a prototype self-driving car without a steering wheel, accelerator or brakes. The company plans to build nearly 100 of the vehicles.
Video provided by ... watch video
AP (May 28, 2014) Google will build a car without a steering wheel. It doesn't need one because it drives itself. The two-seater won't be sold publicly, but Google said Tuesday it hopes by this time next year, 100 ... watch video
Nov. 30, 2015 Researchers have been pioneering antenna measurement methods for decades, but a new robot may be the ultimate innovation, extending measurements to higher frequencies while ... read more
Nov. 30, 2015 In hopes of limiting the disastrous environmental effects of massive oil spills, materials scientists have teamed up to manufacture and test a new material, called a boron ... read more
Nov. 30, 2015 Scientists have discovered a new phase of solid carbon, called Q-carbon, which is distinct from the known phases of graphite and diamond. They have also developed a technique for using Q-carbon to ... read more
Nov. 30, 2015 What differentiates complex fluids from mere fluids? What makes them unique is that they are neither solid nor liquid. Among such complex fluids are foams. They are used as a model to understand the ... read more
Nov. 30, 2015 Policymakers, industry and government officials will have to invest US $2.5 trillion for electricity generation over the next 20 years. A new report presents the environmental costs and benefits ... read more
Oct. 20, 2015 How Australia acts today will determine the security and safety of driverless cars, autonomous vehicles and intelligent transport systems in the future, with academics warning there is a risk of ... read more
May 8, 2015 If consumers have their way, self-driving cars will enable parents to keep tighter reins on teen motorists. A new survey reveals that people are soundly in favor of putting parental controls in ... read more
June 24, 2014 In the coming decades, we will likely commute to work and explore the countryside in autonomous, or driverless, cars capable of communicating with the roads they are traveling on. A convergence of ... read more


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BlackBerry Bold 9700 is available at Amazon for $0.01 with new service plan.
This phone features fast 3G connectivity...
Jun 3 2010, 1:00pm CDT
The bestsellers in cell phones on Amazon this week are the BlackBerry Bold 9700 Phone (AT...
May 13 2010, 1:00pm CDT
The hottest deal on the new BlackBerry Storm2 from Verizon Wireless and the BlackBerry Bold 9700 are available now on...
Nov 27 2009, 3:00am CST
Many people usually replace their cell phones during the holiday season. The best deals come out as it gets closer and...
Nov 15 2009, 10:38am CST


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Little economic or corporate news is scheduled for the day and U.S. stock futures were drifting ahead of the opening bell.
Typically this time of year sees light trading volumes as many investors and traders take time off work.
Shares of Crocs ( surged 14% in premarket trading Monday, after private equity firm Blackstone Group agreed to invest about $200 million in the company. Crocs also announced a $350 million stock buyback and said CEO John McCarvel was retiring. )
Japan's Nikkei closed the day on a high note, rising 0.7%. The benchmark index has surged more than 50% since the start of 2013 as government policies helped boost investor sentiment.
|Heineken and Sam Adams boycott St. Patrick's Day parades|
|Tesla CEO fights back in New Jersey|
|$20 Amazon Prime hike won't scare off customers|
|Crimea: The economic fallout of a 'yes' vote|
|China loosens grip on its currency|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.28%||4.37%|
|15 yr fixed||3.32%||3.40%|
|30 yr refi||4.28%||4.38%|
|15 yr refi||3.31%||3.39%|
Today's featured rates:


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Thanks to Sophie Kinsella, "Shopaholic" sounds relatively harmless, almost cute — sort of like a slightly naughtier chocoholic. But for 6% of the population, Omniomania's a real disease and anything but a laughing matter.
Although it frequently coexists with other disorders, shopping addiction was defined as its own clinical problem in the early 20th century, and has been on the books since the 19th. Shopping addiction is often set off by a traumatic event: those who suffer from it are seeking to assert control in their lives. (Boredom is a culprit too — often people who end up becoming addicted consider "shopping" their primary hobby.) Says one analyst quoted in a Newsweek piece on Omniomania, "they distract themselves for a moment, they zero in on something and find something, and for a moment, everything is blacked out. All they're thinking about is getting what they want. And when they get it, they feel an accomplishment."
Of course, this explains the appeal of acquisition for anyone, to a degree — the high that's been proven to come from shopping — but the difference is degree. And of course, the usual symptoms of addiction: you need more and more to achieve that high. There are also consequences: financial, obviously, but also a frequent erosion of relationships and general quality of life.
Part of the problem is that it's a hard thing to discuss: as the article points out, even as the disorder has been identified, not all medical professionals take it seriously, or see it as anything other than a symptom of a larger issue or depression. But it's something that will need to be dealt with increasingly, since it's young people who are most vulnerable. As the same analyst tells Newsweek, "For younger people, culturally, they've experienced a fairly recent shift in consumerism...The peer pressure is part of that, and young people are more into fashion."
Of course, that same generation has also just been faced with a global recession at an equally impressionable age, and while the article observes that it's a bad time to be overspending (thanks!) it also fails to address to what extent this has ameliorated — or exacerbated — the problem. We'd guess that fast fashion, with its promise of easy, low-risk acquisition, hasn't been incidental to the uptick — lots of small things add up, and we've lost our collective sense that things need to last or make sense with our lifestyles. The majority of those who suffer from the disorder are women: yet another reason to encourage young women to look beyond externals and find abiding interests. Because it's not like the culture of consumerism — or targeted advertising — is going anywhere.
Confessions Of Real Shopaholics [Newsweek]


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Robert Rice joined CoinGeek’s Patrick Thompson to talk about the bold new world of the Metaverse and what Transmira’s been up to, and debuted a 3D scanner.
Transmira is spearheading development of the Metaverse, in which the reality of the physical world meets the infinite space of digital gaming. Transmira’s Omniscape™ platform brings location to life.
Within the digital XR world, customers will be able to purchase Virtual Real Estate (VRE) tokens by buying location credits or Omni Tokens which can be spent within Omniscape to acquire virtual real estate locations.
In the first of four CoinGeek Conversations special episodes, Natalie Mason picks out highlights from some of our favorite past shows that featured top entrepreneurs in the BSV space.
On this episode of CoinGeek Backstage, Robert Rice explains that Omniscape was literally building the Metaverse on the BSV blockchain, bringing together the full gamut of digital technologies to create a unified virtual world.
In this episode of Hashing It Out, Transmira founder Robert Rice talks on how Omniscape, a platform that uses “XR” to enable ground-breaking marketing capabilities, can benefit the gaming industry.
In his short film, CoinGeek Chief Bitcoin Historian Kurt Wuckert Jr. walks around talking to people who are there taking part in the event, all about the “giant Frankenstein monster” that is BTC.
Transmira is building the XR Metaverse, an encompassing multiverse that merges AR and VR. Founder Robert Rice described the Metaverse as “everything, everywhere connected.”
Omniscape will showcase the power and reach of its technology using real-world scenarios, making it possible for consumers to download the service and participate in the claiming of some interesting rewards.
Omniscape creator and CEO Robert Rice talks to Kurt Wuckert Jr. about the future of AR and VR on blockchain on the 10th episode of the CoinGeek Weekly Livestream.
Putting both the 3D and real world on chain allows for unparalleled personalization of data and most importantly, profitability that anyone can build on, reaping their just rewards.


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The closure was part of the wholesaler’s ongoing strategic review to offer its customers a more local service, with more frequent deliveries, said a spokeswoman for P&H. P&H will now offer alcohol at all its 16 depots across the UK.
“A formal consultation was launched a few months ago, which has now completed,” the spokeswoman said, adding that there would be opportunities for Winerite staff at the WH & HM Young depot in Leeds, which P&H acquired in January.
Meanwhile, P&H has launched a Chilled and Fresh service. The service has increased the number of products in the chilled and fresh category delivered by P&H by 30%. Products can be delivered up to six days a week as part of the service.


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13. Ferrari 458 Fires
It is hard to imagine what could be the problem with one of the best sports cars of today but apparently, Ferrari issued recalls for all Ferrari 458s they made back in 2012. The cost of the recall was over $300 million. And it affected owners all over the world.
The reason was a series of unexplained fires that destroyed several cars. Engineers found that the reason was the glue they used to hold several components together. Due to the extreme heat the engine produced, the glue melted, causing devastating fires in a matter of minutes. It looks like they have solved the problem and the 458 still remains one of the best cars money can buy.


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Startup trucking website earns special recognition
Despite uncertain economic times, one trucking company has launched its load board and transport carrier directory and has experienced great success in the industry. Recently, CarrierCentral.com was recognized among 100 other companies as one of the top startup businesses of the year, sponsored by StartUpNation.
John Peroyea, founder and president of FindAPilot.com, said his company has added CarrierCantral.com to its employment directory, noting that this business is helping truckers and other potential drivers find employment after completing their CDL training or when they wish to switch companies.
"Having CarrierCentral.com chosen as a winner in the ‘Recession Busters’ category of the StartupNation Top 100 is a huge honor," Peroyea added.
The website focuses on posting freight hauling opportunities for companies and independent drivers to quickly connect those who want jobs and those who need jobs done. This honor recognizes the effort that home-based businesses are making while facing nationwide financial difficulties, even in the trucking industry.
Truckers looking for employment may wish to consider using an online carrier directory, as they can hold information to many opportunities in one organized space.
Tuesday, November 22nd, 2011
Despite uncertain economic times, one trucking company has launched its load board and transport carrier directory and has experienced great success in the industry.


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In a ruling declared on Thurs, the Food and Drug Administration has announced new limitations to painkillers. The brand new limitations will have to do with how much acetaminophen could be blended into narcotic painkillers. Possible acetaminophen overdoses are the reason for this limit. The Food and Drug Administration is going to add additional limitations to the drugs. Article resource - FDA calls for limits on acetaminophen in narcotic drugs by Newsytype.com.
Vicodin ingredient limited by FDA
The amount of acetaminophen in each painkiller capsule is limited with the Food and Drug Administration ruling. The current limit is 700 milligrams per pill. There can’t be more than 325 milligrams per pill with the newest limit. Every little thing from headaches and fever to sore throats are treated with acetaminophen. Acetaminophen is mixed with narcotics in many drugs like Vicodin, Percocet and hydrocodone. When too much acetaminophen is taken, an overdose can occur. This is in narcotic painkillers that patients use with other drugs.
We cannot have standard labeling
The lack of standard labeling causes the acetaminophen limitation a bit. APAP is an example of one way acetaminophen is labeled on pills. You will find other abbreviations used too. This lack of standard labeling practice means it is tough for patients to keep away from overdoses. The restrictions for the amount of the painkiller in prescriptions are likely to be followed up with a boxed warning. A lot of the time acetaminophen is responsible for liver failure. Within the USA, it is the leading cause. About 120 deaths a year from overdoses of the drug is estimates by the FDA.
Anything OTC with acetaminophen
There are limits the FDA is putting down on the amount of painkillers in prescriptions and also the Food and Drug Administration is making sure there are more warnings on boxes. Still, the amounts of drugs that have acetaminophen aren’t being limited. Many over the counter medications, like Tylenol, will still contain acetaminophen above and beyond the 325 milligram limit. High-dose over the counter drugs have up to 500 milligrams per capsule. There was a vote by the FDA in 2009 done. This would have gotten rid of the narcotic/acetaminophen combinations. The FDA, however, has decided to limit the amount of acetaminophen, rather than eliminating the drugs from the market.


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The Reserve Bank of Australia held its main cash rate steady at a record low of 1.5% at its September policy meeting on Tuesday.
While the bank noted that growth in the Australian economy would gradually pick up over the coming year, it omitted previous references to its central forecast for economic growth of around 3%.
The central bank reported strength in residential construction activity and growth in retail sales, but said little about the outlook for inflation.
Consumer price inflation dipped below the RBA's target range of 2-3% to 1.9% in June as the relative strength of the Australian dollar has kept a lid on price rises.
Low wage growth also remained a concern, but the RBA said stronger conditions in the labour market would drive wages higher over time, while inflation would also pick up as the economy strengthened.
The reserve bank omitted any mention of its central forecast for 3% economic growth, but this came as little surprise given data on second-quarter gross domestic product is published on Wednesday.
"The RBA probably did not want to front-run the release," said Rob Carnell at ING.
"We recently revised our forecast for second quarter growth to a quarterly 0.9%, which is not far off a 4% annualised rate, so the omission was probably to avoid an unintended steer in a lower direction."
Carnell continued: "Markets still do not see much scope for any change in the policy stance until next year at the earliest."
Nevertheless, the Australian dollar got a further kick higher, rising 0.4% against the US dollar to A$0.7973, largely the effect of rising commodity prices.
The strong domestic currency has been something of a concern to the central bank, and few believe the RBA will be keen to raise rates while the dollar continues to appreciate.
Australian stocks were fractionally higher, with the S&P/ASX 200 up 0.1% to 5,706.20.


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One of the first things to catch your eye at the BMW stand in Paris this year has to be the BMW Z4 sDrive35is in Atacama Yellow. I believe this is part of the Limited Edition Design Pure Impulse package originally intended for the UK (and seen here: http://e89.zpost.com/forums/showthread.php?t=404269). The matching color arrangement of the Pure Impulse package combined with the sDrive35is drivetrain makes this car the best Z4 one can have at the moment! No word yet if … CONTINUED
Next up in our continuing coverage of the 2010 Paris Autoshow is a beautiful example of the BMW M3 equipped with M Performance parts and painted in Frozen Black Matte. This car looks unbelievable in person.
This car is equipped with M Performance parts including the M Performance sports silencer that adds distinctive sound in a 40% lighter body with improved temperature-resistent chromium-nickel titanium build. The car sits on 19-inch M light-alloy wheels in Competition Design. Aerodynamic/stylistic … CONTINUED
The BMW 3-Series coupe with BMW Performance part is nothing new, but this particular model happens to be the LCI (“facelift”) BMW 3-Series Coupe and as far as I can tell, the first time i’ve seen this car live at an autoshow! Enjoy.
By far, the main headline attraction at the 2010 Paris Autoshow is the BMW 6-Series Concept Coupe which is basicly the upcoming BMW 6-Series Coupe with the word Concept appended to it so as to avoid official annoucement, for now.
The car was revealed in dramatic fashion, being driven down a sloping ramp and coming to a stop infront of the assembled international press. Ian Robertson was the host of the day and gave the audience a well done introduction … CONTINUED
This very unique shade of Yellow, previously referred to as Atacama Yellow as part of the Design Pure Impulse package in the UK has now shows its face adorned over a fairly well appointed Z4 sDrive 35is. This color is a real headturner!
In grand style, BMW marked the official World Premiere of the BMW X3 by driving out an X3 as the first car out of the gates during the press conference. The X3 was also showcased in both diesel and gasoline versions with and without M-Sport.
We are having a blast @ the 2010 International autoshow in Paris. Next up are photos of a Frozen Black Matte M3 Coupe with exclusive M Performance Parts, that was nicely tucked away in a special M booth.
We are LIVE at the 2010 Mondial de L’Automobile in Paris. The show so far has been great and we have a slew of new photos on the way! We begin with the new BMW 6-Series Concept Coupe which BMW board member Ian Robertson said in no short order would be nearly identical to the production BMW 6-Series.
The 2010 Paris Motor Show press days start tomorrow morning. We have put together a guide for the upcoming BMW premieres and innovations at the show, including the 6-series coupe concept, BMW ConnectedDrive innovations, F10 5-series, and E84 X3. Be sure to tune in for Paris Motor Show coverage!
Forum member Harold Wood aka Roger Lighterness brings us up to date with photos from the Goodwood Festival of Speed which he has dubbed “probably the best car show in the world”. Included are pictures of BMWs at the event, including a large ALPINA display, but his full flickr gallery actually has some extensive coverage.
The Calder car was the first BMW Art Car in a 35-year tradition of turning cars into canvases. In 1975, Hervé Poulain commissioned American artist Alexander Calder (1898-1976) to paint the BMW 3.0 CSL Poulain to drive in the Le Mans 24-hour endurance race. BMW continued this tradition and has sponsored 16 works from artists including Andy Warhol, Roy Lichtenstein and Robert Rauschenberg. The Calder BMW Art Car will be on display in the lobby of the Bechtler Museum of Modern Art from May 10 to … CONTINUED
Here is video coverage of the new BMWs being shown off at Auto China including the LCI 3-series coupe/convertable, LCI X5, Concept ActiveE, Concept Vision EfficientDynamics, 5-Series LWB and of course the newly introduced BMW Concept Gran Coupe


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Digital Disruption: How the Art World is Evolving
Art world leaders, including Jung Bong Lee, Kirsten Wang, Vladislav Ginzburg, and Walker Waugh, joined moderator Afrodet Zuri for a Gateway Korea panel discussion on how the fine art world is and is continuing to be disrupted by the emergence of digital assets.
The panelists acknowledged the profound impact of digital art and its growing significance in culture, even as some remain cautious about embracing blockchain technology.
In this talk, we cover how digital provenance will disrupt the industry, the changing relationship between artists and collectors, and institutions embracing digital art.
Jung Bong Lee is the CEO of Seoul Auction Blue, an online art auction platform that allows individuals to buy, trade, and earn returns on co-owned units of artwork. Kirsten Wang is the Manager of Research & Acquisitions at K11 Foundation, a non-profit organization that supports the professional development of emerging artists from Greater China. Vladislav Ginzburg is the CEO of Blockparty, an NFT marketplace and storefront platform for creators and brands. Walker Waugh serves as the Studio Director of artist Dustin Yellin. Waugh has also worked with a variety of different galleries for artist projects and clients in their acquisition of contemporary art.


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OR WAIT null SECS
The expansion will be designed to meet the growing demand for small molecule drug substance development and manufacturing.
Cambrex announced on Nov. 17, 2020 that it is investing more than $50 million into the expansion of its mid-scale and large-scale API manufacturing capacity in Charles City, IA.
Set to be operational by early 2022, the expansion will add three large-scale manufacturing work centers and a mid-scale work center to the facility, increasing its capacity by 30%, and giving Cambrex the opportunity to employ more than 400 people at the site, a company press release said. The expansion will be designed to meet the growing demand for small molecule drug substance development and manufacturing.
“Small molecule manufacturing demand has been growing consistently over recent years, and this investment will enable Cambrex to continue to capitalize on this growth, further strengthening our position as a market-leading CDMO,” said Joe Nettleton, president of Cambrex’s Drug Substance Business Unit, in the press release. “This expansion in the US for API manufacturing capacity comes at a time when our customers increasingly require high-quality partners to ensure reliable supply chains within the pharmaceutical sector.”


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1NCE raises USD 50 M for global expansion led by investors including SoftBank and Deutsche Telekom
Source: 1NCE/Adobe Stock
- 1NCE will use the $50M in funding to accelerate its growth in the US and Asia
- The capital raised will also be used to further developing 1NCE's next level and cloud-based IoT-software
- 1NCE will be hiring top talent and industry experts to drive its expansion
Cologne, Germany, September 29, 2021 – IoT Carrier 1NCE has announced $50M in financing. The capital is provided by investors including Deutsche Telekom, SoftBank, and other investors. 1NCE offers cellular device connectivity at a fixed price in over 100 countries via 2G, 3G, 4G, 5G, NB-IoT and LTE-M. Its cloud-based connectivity platform includes IoT services such as plug-and-play setup and device management.
1NCE will use the fresh capital to accelerate international expansion and fuel growth in the US and Asia, further develop its cloud based IoT platform services and recruit key talent to expand its product capabilities to simplify the development of cellular based IoT solutions worldwide.
"With SoftBank we have gained an investor who brings in expertise from investments in telecommunications, internet services, AI, smart robotics, IoT and clean energy technology providers,” emphasized Alexander P. Sator, CEO and founder of 1NCE. “We are thrilled to work with them to leverage the new opportunities in Asia and the US that come with the engagement."
1NCE’s offering provides customers with the tools to efficiently scale and manage their IoT deployments, while providing a transparent cost structure. This tackles challenges that too often stand in the way of mass IoT deployments. The reduction of complexity, implementation time, and cost allows customers to speed up time-to-market and drive their business forward successfully.
Deutsche Telekom is committed to its investment in 1NCE. The telecom giant has been on board as seed investor since the company’s founding in 2017 and uses 1NCE technology for its own IoT offerings. The investment by SoftBank expands on the recent strategic partnership formalized between SoftBank and Deutsche Telekom and provides a clear opportunity to co-invest in global connectivity platforms focused on enterprise customers.
Timotheus Höttges, CEO of Deutsche Telekom, adds: "1NCE has already demonstrated its disruptive potential in the IoT market, and its growth to date has underpinned its claim to leadership in cellular-based connectivity services. As a technology partner from the very first hour, we are happy to actively foster further growth."
"1NCE is a leader in connecting millions of low bandwidth sensors around the world”, explained Marcelo Claure, CEO, Softbank Group International and COO, SoftBank Group Corp.. “Using their technology offers incredible opportunities for our portfolio companies. With our investment in 1NCE, we look forward to accelerating the breakthrough of connectivity on the Internet of Things.”
1NCE already manages 10 million connections for over 7,000 business customers from around the globe. Its services are available through direct sales and online channels. Additionally, the company is a premium technology partner of Amazon Web Services with exclusive offerings for developers on AWS Marketplace.
1NCE GmbH is the first fully-fledged IoT network carrier in the world to offer fast, secure, and reliable connectivity services at low cost based on an IoT flat rate. This makes IoT applications such as tank maintenance, smart metering, or vehicle telematics affordable. The 1NCE IoT Lifetime Flat includes 500 MB data volume, 250 SMS, and free access to the 1NCE Connectivity Management Platform via Internet and API. To provide the service, 1NCE cooperates with both Deutsche Telekom AG and its roaming partners as well as China Telecom Global Limited and supports all common mobile communications standards (2G, 3G, 4G, 5G, NB-IoT, LTE-M). In addition to direct sales of IoT mobile connectivity, 1NCE also offers its technology to mobile network operators via a Platform-as-a-Service solution. The company headquartered in Cologne offers its flat rate almost world-wide. 1NCE was founded in 2017 together with Deutsche Telekom AG and has 100+ staff in Cologne, Hamburg, Amsterdam, London, Rome, Paris, Warsaw, and Riga. For more information, please see www.1nce.com
1NCE GmbH Media Contact Dennis Knake Communications Manager Sternengasse 14-16 50676 Köln E-Mail: firstname.lastname@example.org www.1nce.com
Twitter: @1nce_iot LinkedIn: www.linkedin.com/company/1nce/


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If you thought the gig economy only affects startups, think again. Nearly 72% of all gig projects were in large corporates and professional service firms in 2018-19 compared with 52% two years back, says the Professional Gig Economy 2018-19 Report Card’ by gig platform Flexing It. Also, it is estimated that the Indian ‘freelancers’ market size would grow to a whopping $20-30 Bn by 2025.
With such a large opportunity, comes the challenges. Companies such as PayPal and Payoneer are already working to ease the issues around payment collection and learning platforms such as Udemy, Freelancer, UpWork are keeping the plate full for freelancers in terms of skill development. Yet, freelancers of the burgeoning Indian gig economy still face issues such as managing and tracking payments, planning their finances and more.
But tech solutions for gig economy workers are also increasing by the day thanks to innovation in fintech and B2B software. Just like enterprise SaaS changed how businesses used technology to refine their processes, gig economy platforms are targetting this growing class of freelance workers.
In July 2019, FindYogi (acquired by Way2News in 2016) founder Naman Sarawagi through this gap was the perfect opportunity to step into the world of entrepreneurship again with Refrens. Refrens was envisioned as a platform for business service providers to track, collect and manage payments faster and in a credible manner.
“After wrapping up FindYogi, I had a couple of investments that I started giving time to such as Daily Ninja, Holidify etc. Between that, I also start digging up freelance consulting assignments. At that point, I realised the pains on both ends — for freelancers and the businesses seeking them.”
He was joined in his endeavour by former FingYogi CTO Mohit Jain. The platform works with freelancers and small agencies in the field of B2B services such as software development, design, marketing and PR, accounts and finance, coworking spaces, housekeeping agencies etc.
“There are multiple opportunities, right from workflow software, financial services to a marketplace. With Refrens, we are bringing some innovative ways of collecting payments through reputation management,” he added.
Refrens Invoicing Software: How It Works?
Refrens essentially offers a free web-based SaaS solution that helps users in making and managing invoices with timely reminders and a built-in low-cost optional payment gateway. “A lot of freelancers still manage payment details on excel sheets, convert them to PDFs to send invoices to clients, and sometimes they do not even maintain a record of invoices,” added Sarawagi, about what exactly Refrens is trying to solve.
Freelancers are already using Refrens for dollar invoicing, he said. At present, the startup covers 37 currencies across 100 countries and uses Cashfree as a payment gateway for domestic transactions. For online payments, it charges a nominal fee of 1.65% on all debit cards or UPI transactions and a 2.3% on credit cards, payment gateways and netbanking.
Besides helping freelancers manage their invoices and payment history, Refrens works to help business partners filter out profiles and avoid spam applications. “Freelancers create all sort of profiles, even if they are not actually catering to that category,“ Sarawagi said.
Since the invoicing feature is free for freelancers, there are a few questions on the monetisation aspect for Refrens. But Sarawagi is not overly concerned at the moment. The long-term business goals require creating a high-frequency product that can engage the users on a regular basis, he said. “Invoicing is thus helping us in creating a strong foundation.”
The Ultimate Goal: Building A Value Chain Through Referrals
The push towards monetisation would come as the Refrens network earns maturity. Going ahead, Refrens aims to create a network of businesses that help each other to acquire more customers, like a market network. Sarawagi explained that the market network is more like a business network set up on a marketplace, which acts as a social network on the supply side.
For instance, if an individual hires a wedding manager, they bring in all kinds of contacts for the decorator, designer, and operate on a commission-based model. Similarly, most B2B service providers get new business through referrals from existing clients or other service providers in the value chain.
“HoneyBook, a US-based $70 Mn funded company does the same thing in the wedding category. Word of mouth prevails always, and we are looking to use a similar concept to offer potential leads to suppliers in the near future,” he added.
Once these referrals start coming in, Refrens can start operating on a commission-based model. It is hoping to create a network of around a million freelancers by the end of 2020, which can help the company to capture almost 50% of the Indian market in the next 5-6 years.
It further aims to build custom financial products for freelancers to help them manage their finances for specific sectors. The startup is in talks with insurance companies and banks, while also looking to collaborate with new-age fintech startups for these services.
Sarawagi also told Inc42 that Refrens would be launching international payments via ACH soon. “We are innovating around collecting payments faster from clients who generally pay beyond due date or default. Also, we will be looking at marketing outside India in about two years.”
Harnessing The $150 Bn Freelancing Opportunity In India
In today’s time, the term ‘gig economy’ is not alien to the Indian market anymore. Factors such as internet penetration, rapid digitisation, and advancement in IT services have transformed the dynamics for the labour market across the globe. On one hand, it has offered freedom for Gen-Z workers from mundane 9-6 jobs and also gives both small and large businesses the power to capitalise on talent across the world.
Yet for new-age startups like Refrens, innovation is the biggest challenge. “Building a two-sided marketplace is tough, to begin with. There have been startups in this space that overpromised but never delivered. So we found it difficult to convince people that we are any different,” said Sarawagi about the challenge of convincing businesses to partner up for Refrens’ freelance network
But Sarawagi added that the opportunity is much larger than the risks involved. India is expected to have 20 Mn white-collar freelancers by 2022 with an industry turnover upwards of $150 Bn annually in India alone. Being the youngest nation in the world in terms of the workforce, and grappling with job creation and unemployment issues for the past year, India can certainly become a hotbed of innovation for gig economy workers.
For long, gig economy workers have been shortchanged by the lack of the right tools and services to manage their daily work, and this is ripe for innovation and disruption, given the large market opportunity for sectors such as ecommerce, logistics, foodtech and hyperlocal services.


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Seoul, South Korea – Kia has unveiled its Naimo electric car concept at the Seoul Motor Show. The all-electric vehicle is making its world debut at the show and combines Korean heritage with high-tech innovations.
Taking its name from the Korean word Ne-mo, meaning “square shape,” the Naimo was conceived by Kia’s international design team in Seoul. It features a number of key design details including a wraparound windshield and asymmetric sunroof design, along with technology features such as a high-intensity air jet at the base of the windshield in place of a wiper, and miniature cameras instead of conventional door mirrors.
It is the third electric vehicle design unveiled by Kia Motors in a year and explores the practicalities of introducing a zero-emissions hatchback city car into a future niche market, the company said. Its power comes from an electric motor with a maximum output of 80 kW, enabling it to reach a top speed of 150 km/h. Its twin-pack 27 kWh lithium-ion polymer battery is located in the trunk floor and has a range of 200 km on a single charge. With a quick recharging cycle, it can be recharged to 80 per cent of its capacity within 25 minutes, and in a normal cycle, 100 per cent power is attained after five and a half hours.


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Chris Rhodes, once one of the best-starred executives at
& Leicester, has lost his job as group finance director to
National CFO Nathan Bostock following the announcement of the new
management structure post-A&L merger.
His departure from the role came days after the completion of Grupo
Santander’s acquisition of A&L which, along with Bradford & Bingley’s
deposit book and branch network, has been folded into Abbey.
Rhodes’s role was effectively made redundant in October when Abbey appointed
its own Bostock as CFO and an executive director of the newly created, unified
board to run the finances at both Abbey and A&L. Abbey CFO since February
2005, Bostock is also executive director of retail products and marketing, HR,
credit cards and insurance.
Despite taking such a significant demotion from the job he was promoted into
in July last year, Rhodes remains at the merged entity joining the executive
committee as head of A&L’s retail distribution business. The move sees him
return to his old stomping ground where he served five years as managing
director of retail banking prior to becoming group FD.
In his abbreviated capacity, he will have close dealings with Bostock as
executive director of retail products, and Abbey’s executive director of retail
distribution Alison Brittain, who joined Abbey in January this year.
“The new role makes sense,” a spokesperson for A&L said.
Rhodes should have had much to celebrate in 2008, his 20th year with A&
L. At one stage earlier this year, he looked to be ascending the corporate
ladder fast. Having become group FD from a relatively low profile role, he
gained prominence this January by assuming the additional role of interim CEO
when David Bennett was signed off ill, helping the bank breach a management gap
at a crucial time.
Bennett returned to his job in May and the Santander acquisition was
announced two months later. He has also taken a demotion from chief executive of
A&L, losing out to Abbey chief executive and Santander’s executive vice
president, Antonio Horta-Osorio, instead settling for joining the combined board
as integration advisor and executive director.


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Outgoing GrainCorp chief executive Alison Watkins is set to become boss of beverages supplier Coca-Cola Amatil (CCA).
Ms Watkins is expected to join CCA as group managing director on March 3, 2014.
GrainCorp on Monday announced Ms Watkins' resignation, after the federal government last week blocked a proposed $3.4 billion foreign takeover of the grains handler.
Ms Watkins said she had intended to leave GrainCorp once the proposed takeover by US food giant Archer Daniels Midland (ADM) was complete.
But after Treasurer Joe Hockey's decision to block the proposed takeover, Ms Watkins had decided that now was an appropriate time to announce her resignation and allow GrainCorp to find new leadership.
Ms Watkins will leave GrainCorp in mid-January.
"Alison has a highly successful operations and management background across many industries, having delivered impressive results across the food and beverages, retail and finance sectors and has significant experience in developing and managing businesses and people," CCA chairman David Gonski said.
Ms Watkins will take over from Terry Davis.
She said GrainCorp had not expected ADM's proposed takeover would be rejected.
"The rejection of the transaction ... has put me in a situation of needing to consider my future over the weekend and make this difficult decision to resign," Ms Watkins said.
GrainCorp chairman Don Taylor will assume a temporary role as executive chairman immediately and will be acting chief executive from mid-January 2014.
Mr Taylor on Monday said that over the past three years, Ms Watkins had been an outstanding leader and had set up GrainCorp remarkably well.
As a result of her appointment to CCA, Ms Watkins will resign from her non-executive directorship of Australia and New Zealand Banking Group (ANZ) in April 2014.
Ms Watkins said she had decided to quit the ANZ board because of her increased workload and responsibility in coming to grips with a company the size of CCA.


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On the the 70th anniversary of the establishment of the State of Israel, the Ministry of Economy and Industry announces the winners of the Israeli Industry Leaders' Award. The award was meant to express the appreciation of Israeli society to industry leaders who contributed significantly to the development of Israeli industry in the various industrial sectors and throughout the country, and their efforts to promote and develop the economy, employment and economy
Whose name is Israeli, throughout the country's 70 years.
The awards will be distributed to industry leaders who worked to advance the manufacturing industry in the category of advanced technology or innovation and the industrial sector.
The list of winners was compiled by expert committees including the Director General of the Ministry of Economy and Industry, the Chief Scientist of the Ministry of Economy and Industry, the Chairman of the Authority for Innovation, the Director General of the Manufacturers Association, the Director of the Authority for Investment and Development of Industry and Economics, the Director of the Foreign Trade Administration, .
The Minister of Economy and Industry, Eli Cohen, noted: "The development of Israeli industry has been a national target since the establishment of the State of Israel, and since then we have come a long way, which has led to the creation of a unique and pioneering industry. The Israeli leaders and leaders took upon themselves the initiative and responsibility to lead the Israeli industry and economy to success, and on their way built the country, created jobs, trained workers and revived the periphery. Israeli industry is one of the foundations of the State of Israel Industrial hygiene - their devotion, their investments and their activities, these fundamentals ingredients that led to the building of the country, to consolidate the industry, employment and the economy, whose name spread far and wide and national pride. That deserve thanks!
Stef Wertheimer founded and managed Iscar for metal processing tools and blades for aviation, until it was sold to Ward Buffet's holding company for $ 6 billion. The giant company began as a small workshop in the yard of Wertheimer's home in Nahariya and engaged in the manufacture of knives and sharpeners. Thanks to vision, vision and innovation in production, Iscar has managed to develop itself as a market leader in its field.
The company base is located in the Tefen Industrial Park, adjacent to the Kfar Vradim community settlement. The industrial park and the community are the product of Wertheimer's initiative and vision to attract a strong population to the periphery by means of a quality residential environment, high quality education and a variety of quality employment places.
Giora Ackerstein The man who "paved Israel", manages and leads Ackerstein Industries for about 60 years. Ackerstein contributed to the development of a magnificent and advanced industry in the field of concrete and building. Three of the most advanced plants in their fields are located in Yeruham, Hatzor Haglilit and Ashdod, employing hundreds of workers and contributing to the fulfillment of Natan Alterman's words, "We will dress you in concrete and cement."
Ackerstein's father founded the first factory in Tel Aviv in the 1930s. Giora joined the project from the age of 14, and since then has contributed to the development of factories and industry and has contributed verbally to the building of the State of Israel.
Dan Propper, CEO and Chairman of Osem. The father of the bamba, flakes and other food products that have become part of the Israeli language and culture. Osem has led and led the food industry in development, innovation and production standards. The company has 5,000 employees in nine plants, most of them in the periphery of Israel.
As president of the former Manufacturers' Association, Propper has contributed his experience and capabilities to shaping the industry as a whole.
Maxin Fssberg has served as CEO of Intel Israel and as vice president of Intel Worldwide, and is currently responsible for the merger of Intel and Intel, which led to the establishment of Intel plants in Kiryat Gat, one of the largest and most significant investments in Israel in general and in the periphery in particular. In Jerusalem, she joined Intel as an engineer and developer and gradually climbed all the ranks, and Fassberg is a source of inspiration for every employee and works to strengthen the belief that "every soldier's pocket is the Field Marshal's wand." Maxine introduced a unique culture of management, commitment to organization and rapid growth.
Yossi Vardi, serial entrepreneur, leader of the start-up industry. Founded his first company at the age of 26 and since then for almost half a century has initiated more than 85 ventures in a variety of industries. Vardi was behind Mirvillis, who developed ICQ, the world's first instant messaging software. The company's $ 400 million sale in the mid-1990s inspired an entire generation of entrepreneurs, dreamers and developers.
Vardi was born in Israel, and was the first director-general of the Ministry of Energy. Is still a source of inspiration and inspiration behind the nation of the start-up.
Zohar and Yehuda Zisapel, The Zisapel brothers are synonymous with Israeli high tech, founding fathers for dozens of successful companies and inspiration, among others. The RAD Group, under their leadership, was fertile ground for encouraging entrepreneurship and yielded more than 100 different projects. Over the years, the Group has raised and invested approximately $ 1.5 billion, all of which is in industry in Israel. The Group's companies employ more than 3000 employees in Israel.
The Zisapel brothers were born in Tel Aviv to parents who came from Poland, were educated in Israel and invested all their entrepreneurial, technological and philanthropic energies for the benefit of society and the economy in Israel.
Maurice Kahn Established Amdocs, a technology company that develops software and services for customer billing, is considered one of Israel's flagship companies. The company began as a project of "Yellow Pages", another company initiated by Morris.
Maurice Kahan, born in South Africa, immigrated to Israel in 1956 and since then has been involved in initiating, managing and developing a wide range of industries in Israel, including a bicycle factory in Beit Shemesh and the Hatzvi factory to create gloves for women from development towns.
Mr. Kahan is behind 150 business and philanthropic ventures in Israel and around the world whose goal is to develop industry and society in Israel and to present the world's most beautiful Israel.
Sammy Sagol developed Keter Plastic from a small factory in Jaffa to an international conglomerate with 4,000 employees in 30 plants around the world. Innovation in production processes, industrialization of the process, design and innovative concept helped Keter Plastic win world leadership. Violet is the pillar before the Israeli industrial camp regarding innovation and production.
Rim and Imad Yunes are active in the field of equal opportunities in Israeli society and is active in many social organizations.
In 1993, Rim and Imad Yunes founded the Alpha Omega company, which deals in the field of neuroscience, which over the years has become a global company and one of the world's leading companies in the field of neurosurgery. The company's products help brain surgeons navigate their way to a single cell in the brain.
Alpha Omga was one of the first start-ups in the Arab sector and was a source of inspiration for many projects in the sector. The Yunes family contributed to the development of employment in the Arab sector, to encourage quality workplaces and to create a unique and unique value for the Israeli economy.
Shimon Eckhouse is behind the technology-based company Lumenis, based on Eckhouse's invention of powerful light sources for aesthetic treatments. Lumenis is a global market leader with sales of $ 200 million worldwide. The success of the company led to the establishment of dozens of other Israeli companies that helped position Israel as a global leader that controls about 30% of the world market.
Eckhouse was also behind Syneron and behind 25 start-ups in the field of medical equipment. Eckhouse has established a huge medical equipment industry in Israel and has helped millions around the world to be more beautiful.